The hottest company in China right now is Cambricon Technologies, an artificial intelligence chipmaker whose stock has surged about 10-fold over the past two years, driven by expectations that it could be a serious challenger to Nvidia in the mainland market. The frenzy over Cambricon, whose stock is trading at an eye-watering trailing 12-month price-to-earnings…
Cambricon Technologies became the costliest stock in mainland China’s equities market, as the Beijing-based chipmaker replaced the liquor distiller Kweichow Moutai in a sign of the rising significance of artificial intelligence (AI) in the world’s second-largest capital market. Trading under the symbol 688256 in Shanghai, Cambricon’s shares jumped 11.60 per cent on Monday to a…
Cambricon Technologies became the costliest stock in mainland China’s equities market, as the Beijing-based chipmaker replaced the liquor distiller Kweichow Moutai in a sign of the rising significance of artificial intelligence (AI) in the world’s second-largest capital market. Trading under the symbol 688256 in Shanghai, Cambricon’s shares jumped 11.60 per cent on Monday to a…
When Nvidia CEO Jensen Huang revealed Friday that the company is working with the Trump administration on a new computer chip designed for sale to China, it marked the latest chapter in a long-running debate over how the U.S. should compete with China’s technological ambitions. The reasoning has sometimes changed — with U.S. officials citing…
Eswin, China’s largest supplier of 12-inch silicon wafers, has received approval for an initial public offering (IPO) in Shanghai, the latest sign of increased efforts by Chinese chip companies to raise funds amid the rapid development of artificial intelligence (AI) and the country’s tech self-sufficiency drive. The company, which produces monocrystalline silicon polished wafers and…
The Trump administration continues to meddle with semiconductor giant Intel. The U.S. government is reportedly in discussions to take a stake in Intel, according to reporting from Bloomberg. This deal would be structured to help the company expand its U.S. manufacturing efforts, including its much-delayed Ohio chip factory. This news comes less than a week…
The Trump administration has made curbing China’s access to high-powered AI chips a high priority. According to the government, China may use the chips to build up its arsenal of military technology, and it simply can’t have that. At the same time, America’s considerable and longstanding chip export controls may also be aimed at slowing…
Chinese officials have summoned domestic companies, including major tech firms Tencent and ByteDance, over their purchases of Nvidia’s H20 chips, demanding explanations and expressing concerns about information risks. The Cyberspace Administration of China (CAC) and other agencies have also held meetings in recent weeks with Baidu and smaller Chinese tech companies. According to sources speaking…
In the escalating geopolitical chess game over technological supremacy, China is pushing the U.S. to loosen its stringent export controls on advanced AI chips as a key concession in potential trade negotiations. According to a report from the Financial Times, Chinese officials have signaled this demand ahead of a possible summit between Presidents Donald Trump…
US president Donald Trump and China president Xi Jinping. Beijing warns that U.S. export controls hinder Chinese companies like Huawei from developing their own AI chips. China is seeking U.S. relief on export controls for chips vital to artificial intelligence as part of a trade deal ahead of a possible summit between Presidents Donald Trump…